Abode At Tilden Sherman Oaks

Sherman Oaks, CA 914015721 Tilden Ave.

Property Type: Multifamily
For Sale

Details

  • Price: 1,495,000
  • Cap Rate: 4.07%
  • GRM: 15.59
  • Cost per SF: $347.67
  • Cost per unit: $299,000
  • Year Built: 1953
  • Square Footage: 4,300
  • Lot Size: 6,749
  • Units: 5
  • No. Stories: 2
  • Parking: 5 Carport
  • Transaction Type: For Sale
  • Property Type: Multifamily
  • Zoning: LARD1.5
  • Building Class: N/A
  • APN/Parcel ID: 2245-006-015

Property Description

Tilden Abode is a quaint and peaceful 5-unit low-rise garden-style apartment complex totaling approximately 4300 sq. ft.  Development was completed in 1953. The asset is situated on a 6,749 sq. ft. lot zoned LARD 1.5. Building construction is wood frame with pitched roof and painted stucco exterior. The property is comprised of 3 two-bedroom-one bath units and 2 one bedroom-one bath units.  The units are spacious and have a home-like quality feel to them.

The unit amenities include individual hot water heaters, wall unit ACs, oven, stove, microwave, ample closet space, and one carport parking space per unit in the rear accessed through alley.  There is a laundry room featuring a coin-operated washer & dryer for the tenants to use as well. One of the Two-bedroom units comes with an enclosed balcony/outdoor space on the second floor.  Ownership has re-piped the property with copper plumbing.  No soft-story seismic retrofit is required.

Aesthetically, the property grounds and building are well maintained and attractive. The landscaping is well kept and manicured. The property is set back to an open front lawn area and picturesque foliage giving it more of a private home-like feel as well as beautiful curb appeal.

5721 Tilden Ave. is surrounded by many single-family homes on a quiet tree-lined street along with a few smaller apartment buildings.  The is in walking distance to many stores and restaurants along Van Nuys Blvd. and Burbank Blvd. as it boasts a walk score of 77. The property is also just minutes driving from the 405, 101 and 170 freeways.

 

Property Highlights

  • Excellent unit mix comprised of 3 (2+1) spacious units and 2 (1+1) spacious units
  • Individual hot water heaters in all units
  • No soft story seismic retrofit required.
  • Significant rental upside & value add potential
  • Re-piped with copper plumbing
  • Ranked 77 walk score conveniently located near shops & restaurants
  • Located on a quiet residential tree-lined street
  • Short drive to 101, 170 & 405 freeways
  • Attractive curb Appeal
  • Home-style living feel
  • Sufficient on-site parking and street parking
  • On-Site laundry room

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23975 Park Sorrento Suite 110
Calabasas, CA 91302